Meta Teams Up with Blue Owl in a $27B AI Data Hub Initiative

In a significant boost to its artificial intelligence initiatives, Meta has secured a staggering $27 billion financing deal with Blue Owl Capital for the construction of what is likely to be its largest data center project worldwide. This facility, located in Richland Parish, Louisiana, will bear the name Hyperion and is aimed at being a pivotal element of Meta’s AI infrastructure strategy.

As per the agreement, Meta will retain approximately 20% equity, while the majority stake will be managed by Blue Owl-managed funds. Blue Owl contributes around $7 billion in cash, while Meta is set to receive a single payout estimated at $3 billion, marking the company’s largest private capital venture to date.

The Hyperion site is projected to provide over 2 gigawatts of computational power, sufficient to support the training of advanced large language models—similar technologies that fuel AI systems like ChatGPT and Google Gemini.

Susan Li, Meta's finance chief, described the agreement as a “bold step forward”, reinforcing the company’s commitment to enhancing its AI capabilities. Once operational, the Louisiana venture is anticipated to generate over 500 new jobs and serve as a pivotal part of Meta's expanding AI data center network.

This agreement comes at a time when major tech enterprises—Alphabet, Amazon, Microsoft, CoreWeave, and Meta itself—are predicted by Morgan Stanley to collectively invest over $400 billion in AI infrastructure this year.

In parallel, OpenAI is reportedly finalizing multiple agreements that could surpass $1 trillion in total for securing extensive computing resources globally.

Meta’s latest project underscores the relentless investment tech giants are pursuing to establish the computing foundation necessary for the future of AI-driven technology. With Hyperion, Meta aims not just to keep up—but to lead the charge in building the intelligent infrastructure of tomorrow.